Alexium International Group Limited (ASX: AJX) is confident it has achieved a breakthrough its technology development for thermal management in textile- and foam-based consumer products.
Dr Bob Brookins, Alexium’s CEO, said Phonon technology enhances the rate of cooling by up to 200% over current products and more importantly the cooling never stops.
He said the patent pending technology establishes a new standard for extended cooling performance. In addition to its perpetual cooling properties, the technology also provides a wide range of benefits that consumers care about, including:
Adaptive/responsive cooling: The hotter a person gets, the more actively the Phonon product works to cool them.
Non-flammable, non-toxic, and environmentally friendly product: Phonon products provide enhanced cooling performance without any increased hazards to consumers or the environment.
Lightweight: Phonon products provide enhanced cooling at a significantly reduced weight relative to other cooling technologies.
Dr Brookins said the proprietary technology builds on years of research at Alexium and creates a new growth platform complementary to its Alexicool phase change materials (PCM). In contrast to PCM technology, which works by absorbing heat, Phonon technology builds on this by counteracting the insulative effects of foams and textiles and constantly moving heat away from the consumer.
The total addressable market in the United States for cooling technologies in TMCS is estimated at US$60 million, with an additional US$25 million for top-of-bed applications. Beyond bedding applications, this technology has comparable opportunities in other notable markets, including upholstery, medical products, sporting goods, and outdoor apparel/accessories.
Cooling technologies have become a critical selling feature for premium mattress manufacturers over recent years and Alexium has garnered a deserved reputation for leading technical innovation and analytics via its Alexicool products,” said Dr Brookins said.
“Generally, technical innovation is incremental in nature and it is therefore particularly exciting to announce today a truly disruptive platform technology, one which we believe can change the narrative in relation to thermal management solutions – not just for the global mattress industry but also for several other performance applications in consumer products.”